Techcrunch got the facts wrong (again). It's 10 million Danish kroner (DKK), not krona, which is equivalent to 1.76 million USD at the current exchange rate. He

Techcrunch got the facts wrong (again). It's 10 million Danish kroner (DKK), not krona, which is equivalent to 1.76 million USD at the current exchange rate. He promised he would give 10 million to the former CEO and the former chairman of Nyhedsavisen, the newspaper he invested in, if the newspaper closed. They sued him because he didn't pay up, and then was declared bankrupt. According to an article in Børsen (http://borsen.dk/executive/nyhed/140074/ http://borsen.dk/executive/nyhed/140074/) he said he personally invested 105 million DKK (not 10 million) in Nyhedsavisen. Money that he had loaned.